ZEIT began life as a Scrypt PoST/PoW hybrid coin , but on May 9th, 2014 ,ZEIT became a Fully PoST Coin. The coin supply will be distributed by "minting" which allows anyone with coins in their wallet to receive up to .0005% interest on their coins. All you have to do to receive interest on your coins every day is have some in your wallet.

Let's get this transition started! I'm looking forward to supporting this, although I must admit I'm new to crypto-currencies and I am hoping that someone will link me to some resources to get up to speed. I will pm the zeitcoin fb page.